Sugar Stock Broken Up To 12% In 2 Days, Know What Is The Whole Matter

New Delhi:- On Saturday morning, stock sugar trend continued decline. Shree Renuka Sugar had lost 4.35 percent share till 12:40 pm. On the other hand, Avadh Sugar’s had also lost 5 percent shares. Apart from this Dhampur Sugar’s had lost 5 percent share.

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Shares of Chinese companies were beaten a lot on Friday. In two days shares of Chinese companies lost up 12 percent. This has dealt a severe blow to the investors of shares of Chinese companies. For the export of sugar government has fixed a limit on it. This limit will be applicable from June 1.

The government had a big headache that is the rapidly rising inflation. To control inflation government is taking many steps. To control inflation government has banned the export of wheat. A tax has been increased on export of Steel products.

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Stock exchange market is falling. Red arrow graph is showing a fall on a black trading board. Selective focus. Horizontal composition with copy space.

Government fixed a limit of 100 lakh tonnes for the export of sugar on Friday. So sugar companies will not be able to export more than 100 lakh tonnes of sugar. According to analysts this limit is too high.

The government has taken major steps in sugar, edible oil and metals to control inflows says by VK Vijaykumar, chief investment strategist at brokerage firm Geojit Financial Services. The government’s measure will not have much impact on large companies.

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Priyanka Yadav

An active reader and follower of news. A budding journalist tries to spread authentic news to people.

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